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Chicago examiner vol vi no 40 a m thursday february 6 1908 12 pages price one cent k_s_2 y car 30 cents per month you made the panic retorts bryan baited at feast by bankers carnegie l j gage and vic tor morawetz attack him during banquet defends free silver eclares financiers alone are to blame for situation they bewail as unprecedented denounce money system nebraskan declares financial flurries can occur under any administration k 1 bw york feb s william j i bryan came into violent verbal â– * conflict with andrew carnegie num j gage and victor morawetz t the banquet of the economic club n the hotel astor to-night the three atter financiers attacked the policies f tlic nebraskan throughout caustic peches on the monetary situation and n return bryan told them that they were perfect representatives of the ype of men who by their own admls ion have forced upon the country the worst banking system in the history of he world henry clews stuyvesant fish james peycr and 750 similarly well known ban ueters applauded carnegie gage and mor wetz heartily mr bryan's address fell pon a chill stillness and several times he was caustically interrupted in the course of his attacks mr morawetz began the viciously inclined ymposium gloomlly tlie financial condition of the country â€¢ itiir lie said is the worst any nation lvilized or uncivilized has ever seen the ational banks of the country have more linn twelve thousand millions of deposits hat is four times as much currency as the ntlrc country contains these hanks and the trust companies xpeud over twenty times their real reilit they carry in their vaults only per cent currency against their 02 per ent of credit the present situation ls ue entirely to inflation of bank credit t can't be cured by further issues of paper toney the only way to cure it is through he creation of an association of banks vith oue head responsible for the issue â€¢ f bank notes but this is no time for congress to meddle with thia situation congress must eep its bands off until the presidential tiou has been held arnegie joins in fray mr carnegie said he subscribed to most f mr morawetz's views we must not meddle wilh the finances until we have set led another little matter next fall he be an fate has sent us two deep bumilia ions one is the worst banking system ince adam in this respect we are dan erously behind every other country in the world the civil war was to blame for it for uring the civil war we were forced to iake bonds stand for everything wc have ot changed that system since and now it pernios to a loss of 130,000,000 to the ountry every year 1 want to call that act to the atteution of the presidential spirant here present continued mr arnegic amid au outburst of applause rom the banqueters our second humiliation be went on is due to the ability of the hanks to issue loney to a certain point and no further vbeii they are brought up with a short top to tliese issues the ouly possible re ult is panic kvery other nation can issue nlhnited emergency notes in calling upon congress to keep its ands off the situation mr carnegie said banking has never been a party question el us not inject it now by making this latter a congressional or a presidential bsue following mr cur ijgi former secre n.i f the treasury gage made a speech o tl-.e same effect he reiterated ihat the ;â€¢ il war was responsible lor the banking y cm anil i agree with tlie last speak r that the system could not be worse no aore humiliating spectacle was ever seen hail ivithln the last si months when .'â– <Â». icuills mill trust companies stopped luslliess in a minnte as though at the lugtug nf i hell gage blames artificial market tl:c blame for this lamentable state of dairs said mr gage is th artificial narket created fur government bonds so s tlic purchase liy thc government of sil er worth u0 cents anil ils sale by the gov riiliient at 1 â€¢ however what is dune is done lt ouly iinains ier cougress to keep its hands off his affair or at most appoint a couimis i.ui which will do nothing until it has iven a year of investigation to the system nd tlie situation mr bryan who followed the ex-secre ary lost not a moment in beginning his ttuck upon ail three preceding speakers laere was a battle-glint iu his eve as he tekan 71'or the last forty-seven years the tiuan ialj affairs of the country have beeu in the haads ni men represented liy the three wife as partner of judge will decide lawsuit on appeal mrs elizabeth maxwell to say whether crepe de chine shall be classed as silk mrs elizabeth maxwell wife ni munic | ipnl judge maxwell i le achieve distinc i lion above the wives of the municipal court judges by assisting her husband ln i making a court decision her opinion as j io whether crepe de chine is to be judi cially pronounced silk or not silk will de cide whether or not the parisian garment company will receive 35.80 or 17!i on a inngl.'ii'.v policy the parisian garment company's store was broken into by burglars august 16 1!h)t and edward harris president of the company is suing for 430 on the policy which amount he represents his tlrm to have lost ns a result of the burglary crepe de chine garments worth 170 were stolen according to mr harris if these garments are classed as silk he will re ceive i'o jier cent of their value according to the agreement in the policy if they arc classed as not sltk he will receive the full i value mr harris admitted that crepe le chine is only half silk but beiug only half silk should not be classed as silk the defendant contended that it should be classed as silk judge maxwei was un decided what to do until attorney simon la grou counsel for the plaintiff said i'll tell your honor what to do ask your wife what crepe de chine is and i'll abide by her opinion if she says crepe de chine is sllk we lose if she says it ls something else we win the judge agreed and continued the case until february 11 to await his wife's de cision union leader is shot by wife's brother as he tries to choke her st louis man dying of wounds re ceived in melee provoked by his insult st louis mo feb s lnternational president john t wilsou of the brother hood of maintenance of way employes was shot twice in his home here to-night by his wife's brother frank tl engelinan of kansas city mo traveling boarding con tractor of the frisco kailroad the lirst shot went through wilson's arm and frac tured bis jaw the other made a groove along the top of his head causing a de pressed fracture of his skull he was taken to the city hospital where his wounds are said to be fatal last week wilson filed a suit for divorce whereupon his wife wrote to her brother's wife visiting in springfield mo who for warded the letter to engelman the lat ter reached st louis to-day he was up stairs when wilson came home to-night and threw into his wife's face hot water with which lie had washed his hands and in which it is alleged carbolic acid had been placed she theu threw a lemon squeezer at him then he grabbed her by the throat and jammed her against the wall wilson's fifteen-year-old stepson tried to grab wilson's uplifted arm and strug gled with him while mrs wilson shouted to her brother frank he's killing me wilson retained his grasp on his wife aid eugelman shot him county local option bill passes ohio senate rural voters can make cities dry if measure becomes law columbus 0 feb g the county local option bill passed thc senate to-night by a vote of 24 to 13 the bill provides that the voters of auy county can oust all saloons by a majority of votes the main objection to the bill was that the country people could regulate the sale of intoxi cating liquors in cities and it ls expected that many counties will be voted dry it is almost certain to pass the lower bouse and governor harris will sign the bill wheu it reaches his office columbia mo feb s this city called the athens of the west went dry to-day by a vote of 998 to 936 two wards went wet and two dry the county voted on the same question to-day and returns indicate that t declared against saloons west embarrassed flees from hall and tax queries review board's president fails to explain rates to south side residents hearers cry robbery after quiz ends unsatisfactor ily business men's associa tion scores h.g foreman embarrassed by a volley of annoying questions asked by members of the south side property owners and business men's association before which he spoke on taxation last evening boy o west president of the board of lieview left the hall leaving two hundred persons dismayed by his hurried exit general confusion followed mr west's departure each member asked the other to explain what mr west had been talk ing about and inquiring whether or not he would return all the members gath ered in little groups about the large room and questioned each other about his taxes the meeting was held in thc thirty-first street theater and was attended by nearly every besiness man within a radius of a mile mr west spoke at length on the work of the board of iteview since he went into office nine years ago in attempting to show that the taxes of many corporations had been increased in the last few years mr west cited the case of the edison company he attempted to point out that iu view of the fact that ln 18sis the edison company paid 940.000 on personal prop erty that last year it was assessed 121,000 represents edison company carelessly and as an indifferent matter mr west admitted he had represented the kdison company in several legal matters but neglected to mention the fnct that when the edison company was paying a tax of 40,000 it wns a small corporation iu comparison with its-status to-day charles h tlbbets of tiblicts â€ž garland wholesale grocers 2111 michigan avenne cross-examiiied mr west for ten minutes on a tax question and when he concluded mr ttbhets remarked he knew as much be fore he talked to mr west as be did after wards the main question asked by mr tlbbets was whether or not a widow whose tax on personal property for years had never been more than jo was obliged to pay 34 because she failed to receive a notice of her assessment mr west said tl.at the woman vould have to pay thc 34 the answer given by mr west was met v.ltb cries of robbery swindle who is to blame for these conditions and other questions jeers greet explanation smiling and walking back and forth mr west was asked another question by carl bolander livery owner 2!>ti7 la salle street supposing my p-operty is mort gaged for 2,000 and it is worth only 2,000 who pays thc taxes mr bolander asked he was informed that the board would collect a double tax in that instance tills explanation was also greeted with jeers but mr west escaped further ex planation by saying that that was the re quirement of the law many had come to have mr west ex plain why their taxes were so much larger than they had ever been before one man said he guessed it was because the cor porations were being taxed less since mr west became a member of the board of lieview and that the little fellows had to make up the difference unanimously rap foreman wheu the confusion caused by mr west's departure had subsided and the meeting was again called to order by presideut h g naber christopher see a grocer 221s cottage grove avenue was greeted with cheers when he read a reso lution opposing the reappointment of henry g foreman as a member of the south park commission in his remarks following the unanimous adoption of the resolution mr see said tha the associa tion as a body should insist that the recent published charges against mr fore man receive the fullest investigation sev eral days ago daniel f crilly a former member of the commission tiled affidavits with judge thomas g windes of the cir cuit court charging commissioner fore man with purchasing grounds for park pur poses adjoining property owned by fore man or bis friends so that the value of the property might be enhanced two earthquakes shake housatonic river valley springfield mass also reports shocks in early morning danburt conn feb s residents of lauesville and still river points in the iloiisatonie tllver valley between brook held and new milfuril were startled early today b.v two distinct earth shucks accord big to reports received here to-night and several large cracks appeared in the earth tlie flrst shock occurred at 3:20 a in and the second at 5:05 a ni faeh lasted sev eral seconds w w gardiner ivlm lives half a mile from the railroad station at still river said t_at his house was shaken so severely that the whole family was awakened and that after daylight he i'oiind an inch wide crack about forty feet long running lu a southwesterly di rection from near ne corner of the house spningfmli.ji mass vÂ»h ... distinct earthquake shock wel . il in sprlngflcld ban afte tni niglt and between l and ." u m to-day ri island and woman thicken shadows over tisdelle bought 10,000 mortgage on texas land after meeting beautiful person barren place old joke peddled scores of times be fore picturesque major visited banker one of the strangest romances and in trigues in chicago's records a romance ln-j volving a barren island ln the gulf of mexico a beautiful woman a civil war veteran dreams of untold wealth and a tangle of finance was revealed yesterday in the investigation of the wreck of archie c tisdelle's bank for the first time a woman came into the story of thc wreck of the bank a woman pictured as three times divorced and who stated openly a year ago that she was go ing to get money from tisdelle with the woman there came into the strange story a mortgage for 10,000 on the island of padre given to tisdelle by w f brink who had introduced the woman as his daughter clew comes in letter a letter received yesterday by attorney houlihan representing the receiver of the tlsdelle bank explained in part the mys tery of the 10,000 mortgage which is one of the assets of the bank and at the same time revealed the strange romance of thc island in the gulf the letter said ask the receiver to probe tisdelle as to his operations with w f brink they made up mortgages on land they didn't own brink has skipped patrick welch that gave the attorneys for the receiver a clew they knew that there was in ex istence a mortgage given to tlsdelle may 14 1907 by w f brink ln consideration for 10,000 and it covered an undivided half interest in the island of padre a strip of land 150 miles long lying a few miles off the coast of texas and extending j from the mouth of the rio ilrande over 150 miles northward to corpus hristl bay used to secure deposit on january 4 this year two weeks be fore tisdelle's bank finally failed and short ly after the suit of mrs horan started a scare among the depositors 11 h schroyer for the acme supply company demanded of tisdelle security for a de posit of 5,000 and as security tisdelle put up the 10,000 mortgage giving it to andrew b adair to hold adair still holds the mortgage although technically lt is in the hands of the receiver no one knew the romance back of the mortgage until yesterday when it was dis covered that the island of padre had been sold at least four times a year for a dozen or more years is now in the hands of squatters and that the recorder of nences county texas which has control over the island declares that brink the maker of the mortgage does uot own an rcm of the land although it is declared he has papers on which he might set up a strong claim in court introduced as veteran's daughter then the real story began to come out and with it the revelation that a fasci nating divorcee and a stern and soldierly veteran of the civil war were back of tis delle's connection with the mortgage the veteran ls major w k brink of st louis Chicago texas and elsewhere and the woman one of the most beautiful creatures that ever helped a land deal was introduced by him as his daughter he had office in a downtown jiulldlng in Chicago and in the fullerton building in st louis and the yonng woman was his business associate in hoth places major brink is gray straight soldierly and convincing and the mysterious beauty is even more couviucing according to those who have met her brink deals ln big things promotes great laud schemes and one of his principal land schemes is the island of padre a long narrow coral island off the texas coast on this standard oil and other agents claim to have found oil traces and in his verbal prospectus brink mentioned asphalt deposits which are said to exist there held by armed squatters the basis of major brink's claim to the island iu the gulf is an old spanish claim he has an abstract the work ou which alone would have cost from 400 to 500 ou which he bases his claim to the island the recorder of neuces county texas however says that uo one has a clear title to the strip of land although two squatters who have held forcible and armed possessiou for years and paid the taxes ne says have the best claim * the records in the texas recorder's office show that padre island has passed as cur rency almost for twenty years scores of times it has been sold mineral rights ou it have been dealt in the same sections have been sold and transferred to many persons and at times northerners seeking wealth in asphalt or oil have bought the whole island and then burned up the title after discovering the status of their claims woman meets the banker a little over a year ago major brink came to Chicago or at least appeared pub licly with his magnificent abstract his cou viucing manner and the beautiful stranger who was said to be his daughter he had another great deal on hand at the time and went to attorney james rosenthal ol uiiseiithal kurtz _ hirschl now oudlv enough attorneys for the receiver of the tisdelle bank and tried to negotiate for the purchase of 40.000 acres of missouri lien held b.v the acme reserve bond company liie beautiful divorcee was in Chicago two bank directors named in suit and maker of notes for 212,000 involved in the case british send fleet to pacific coast england preparing to aid ja pan in event of war say naval experts halifax x s feb 3 england has ordered the famous fourth squadron of cleveu warships to esquimalt its naval base on the pacific in british columbia when the squadron shall have arrived the british fleet at esquimalt will consist of thirteen cruisers whose guns will com mand every seaport city of washington and oregon and will be within two days sail of san francisco bay no explanation for sending the big fleet to the united states sea frontier is vouchsafed by the admiralty naval ex perts here and in london do not deny however that great britain is preparing to fulfill her part of her treaty alliance wtih japan in the event however remote that the united states and japan become involved iu war the fourth squadron consists of the in defatigable the brilliant the cressy i'.uryalus and hogue with six other cruis ers of the county type all comparatively modern and each equipped with two 9-iuch guns twelve 6-inch guns beside subsidiary armaments unless untoward events change the ad miralty's plans hi the meantime the fleet will arrive at esquimait about may 1 on its face the esquimalt propaganda is to be described as nothiug more porten tous or menacing than the revival of the british pacific squadron which was abol ished four years ago news confirms examiner's announcement last fall new yokk feb 3 ln october last the kxuminer ln an exclusive dispatch from its london correspondent gave notice that england was secretly preparing to re inforce esquimau in order to assume the offensive or defensive when called on by her ally japan the examiner dispatch showed that thirty british steamships filled with the best welsh coal hail sailed at short inter vals for esquimalt ostensibly these ves sels were to sell the coal to the american fleet then preparing to sail for the pacific but the fleet never got the coal which now lies piled in ninny thousand ions upon the naval docks at esquimalt demands 4 battleships and 3,000 men for navy washington feb s four great bat tleships each with a displacement of 20,000 or more tons is the building pro gramme of the administration laid down to the house naval affairs committee to day lu addition to these four battle ships secretary of the navy metcalf told the committee that the navy should have more cruisers more scout ships more col liers and more submarine boats for new ships he asked an appropriation of itÂ»!1.27!1.00(i this docs not include the needs of the present navy three thousand more men are needed said the secretary as imperatively as the additional battleships the committee wns silent regarding ihe p.iownson-itixe.v controversy and the charges ihat our naval construction is faulty representatives of the new york subsurface torpedo boat company pro posed to-day to construct six submarines at a total cost of 000,000 this morse has fled to europe receiver for his bank files suit for 243,321 because of absence new york feb s believing that charles w morse has departed for europe charles a hanna national bank examiner to-day took steps to attach the banker's property in a suit to recover l143,321 mr hanna is also receiver of the na tional bank of nortii america which was the flrst of the morse chain of banks to collapse the special grand jury which has been investigating hank frauds has examined both mr morse and alfred h curtis former president of the bank as witnesses aii to vast loans alleged to have been made b.v this institution to further various morse enterprises although positive enough that mr morse has left the city thf receiver of the bank of north america said to-night he was uot at all sure just where he hud betaken him self indeed said mr hanna i would not be overwhelmingly surprised if mr morse with his old time versatility turned ap in town uo later than to-morrow think morse now at sea if the former ice and steamship king sailed for europe as thc government au thorities tirst feared he may have left this ikirt on the kroonlitiu for antwerp or the noordaiu for rotterdam both these ships sailed to-day it has beeu rumored around wall street however for more thau two days that mr morse had turned ms hack on new york and it was believed in cer tain quarters to-night that he ls several leagues out at sea aboard the kaiser wil iara 11 which left new york for bremen last monday simultaneously the report got abroad to-day in real estate circles that in the absence of mr morse his wife was en deavoring to borrow 1173 0u0 on real estate mrs morse was said to have had a con ference with oue broker who offered to loan 265,0110 iu flrst and second mortgages on various parcels but mrs morse was insistent ln asking for the ull sum home mortgaged for 300,000 the fifth avenue mansion where mr morse has made his city home was niort gaged recently for about 300,000 leaving au equity of about 1 , 00,000 inquiry at the morse home to-night failed to disclose the whereabouts of the former banker a servant said tbat mrs morse was at the opera and that mr morse was out of town over night alfred h curtis , president of thc col lapsed bank of nortii america said that he him not heard from mr morse for sev eral days and did not know where he was here are the adverse happenings which to-day befell mr morse first judgment by default for 155 753 i was entered against him iu the county clerk's office in favor of it a c smith as a result of a conditional sale of 500 shares of national bunk of north am erica which morse formerh controlled and wliich liad gone to the wal second â€” suit was begun again him for 243,321.25 by charles a banna united states bank examiner and receiver for the national bank of north america this amount represents the balance due on promissory notes given the bank by mr morse third a lis pendens was rjleil in the conuty clerk's office against his residence t2s fifth avenue this action was taken to safeguard the interests of th natlona bank of north america in thc 243,321.25 suit attachments were also beryed on a number uf luniks with whom -'â€¢ iraje is sup posed to have money fourth several blocks of !â€¢Â» k stock chiefly shares in institutions wnlch have gone to the wall and were ownhh 1 morse were sold at auction it'-'e batik stock auctioned was supposedly tut up to secure loans which have matuied deadbank's directors accused in suit action io recover 212,000 from morton et al of jack son trust and savings bank on old creelman notes assets are now in possession of railway exchange bank which bought them demand of stockholders they claim that the defunct concern is entitled to the proceeds of sale a suit filed yesterday revived the troubles of the jackson trust & savings bank â€” sup posedly dead â€” and as a consequence lt involved the railway exchange bank which is the successor of the institution certain of the directors of the old bank who are a t a directors and the principal owners of the new one have been sued to recover 212,000 claimed to be dre the old bank as a result of its sale to the railway ex change bank the defendants are joy morto_jm jf de muth william m morrison i daniel peterkln la t dickason and gilbert c pryor the action against the latter howe r is merely as a trustee the plaintiffs ln the suit are j k se bree j a sim j it short leverett thompson r d salisbury f f and john v korcross and t f donotan the actual amount lnvolyed is 23,000 which they claim as due them on tneir stock of the old bank blamed on f c creelman the imbroglio is one of the financial lega cies frank c creelman left Chicago it ls an aftermath of that astute high finan cier's exploits which caused the wreck of the bank of america and the sale of the jackson trust & savings bank it ls to be charged to creelman along witb the conviction of president abner smith of the bank of america and the run on the jack son trust & savings bank a little less than a year ago fraud is charged in the new suit against the defendants in the manner in which they sold out the jackson trust & savings bank nnd then failed it is claimed fully to liquidate its obligations as directors of the jackson trust & savings bank lt is claimed they took up the creelman and other worthless paper to save the institu tion but that wheu the new railway ex change bank was organized they handed back that valu less paper got the money they had advanced s2l^ooo and let the stockholders of the old concern suffer whether that paper is still carried in the vaults of tie new bank is a matter not disclosed say sale was outright the whole suit hinges on the method of handling the creelman and other valueless paper the complaints claim the defend ants bought it outright they therefore allege that the 212,000 advanced should hnve been one of the assets of the old hank ln which case stockho'.flern i-itiia have been paid face value fo hen bom ings the defendants asser h*t they only loaned the 212,000 and were there fore entitled to get their metier back when the bank was sold persous who remember the tldssitode Chicago finance will recall that the creelman trouble broke our tv february . 15 1006 on that night clarence s vi-nr row and other stockholders secured . celver for the institution and it \ closed the loss to the stockholders was ' complete and afterward president smlhi and cashier sorrow were sent to the itentlary creelman was r lcl i , - quitted run starts on jackson bank the next week a run was started on the jackson trust & savings bank in two days 230,000 was paid out and joy mor ton hend of the salt trust and connected with other big institutions the rich man of the bank hurried here from new york to save the bank it had been learned that creelman had borrowed heavily from lt and creelman previously known as a lumber king was both a bankrupt and in a disgrace throughout the country as well as a in Chicago mt it is at that point that the petition r /______\\\ the suit against morton and others filed ye*-^h erday begins the petition sets up that nh 1903 through the negligence of its directors â€” morto^md the others named the jackfl . on tfâ€”mmâ€”a savings bank had violat^b am continued on 2d page 3d column continued on 2d age 7th column you lose money m l every day by not letting your 5^v f wants be known through a f ; v j small ad in the want ad pages 3 jjilj ol the examiner i^n good things others will grasp if you don't wake up no matter who you are what you do or how fnuch you earn this exchange can help you note tlie following mm-412 â€” bookkeeper first-class man on ledgers familiar with banking ami statement work permanent desirable position 75 to start mh-39s â€” coffee buyer and sales manager must ]Â„-. a shrewd and thoroughly experienced man to qualify past e perience and sales record must be first class ll.ooo to 3,000 f-1051 â€” lady stenographer tu act as private secretary to manager of bupply company slight knowledge ni bookkeeping to keep records essential must be businesslike capable and possess good appear ance 15 jiosition f-1057 â€” lady proofreader and office assistant permanent good hours salary 12 apply in person for interview examiner employment exchange 70 washington street ll weather forecast ot Chicago and vicinity fair m a nd colder thursday friday prob p?ji _:"*Â» a y increasing cloudiness with l/3 v \ rising temperature northwest winds y'zm \\ becoming variable and shifting to kf js southerly by friday jj

Chicago examiner vol vi no 40 a m thursday february 6 1908 12 pages price one cent k_s_2 y car 30 cents per month you made the panic retorts bryan baited at feast by bankers carnegie l j gage and vic tor morawetz attack him during banquet defends free silver eclares financiers alone are to blame for situation they bewail as unprecedented denounce money system nebraskan declares financial flurries can occur under any administration k 1 bw york feb s william j i bryan came into violent verbal â– * conflict with andrew carnegie num j gage and victor morawetz t the banquet of the economic club n the hotel astor to-night the three atter financiers attacked the policies f tlic nebraskan throughout caustic peches on the monetary situation and n return bryan told them that they were perfect representatives of the ype of men who by their own admls ion have forced upon the country the worst banking system in the history of he world henry clews stuyvesant fish james peycr and 750 similarly well known ban ueters applauded carnegie gage and mor wetz heartily mr bryan's address fell pon a chill stillness and several times he was caustically interrupted in the course of his attacks mr morawetz began the viciously inclined ymposium gloomlly tlie financial condition of the country â€¢ itiir lie said is the worst any nation lvilized or uncivilized has ever seen the ational banks of the country have more linn twelve thousand millions of deposits hat is four times as much currency as the ntlrc country contains these hanks and the trust companies xpeud over twenty times their real reilit they carry in their vaults only per cent currency against their 02 per ent of credit the present situation ls ue entirely to inflation of bank credit t can't be cured by further issues of paper toney the only way to cure it is through he creation of an association of banks vith oue head responsible for the issue â€¢ f bank notes but this is no time for congress to meddle with thia situation congress must eep its bands off until the presidential tiou has been held arnegie joins in fray mr carnegie said he subscribed to most f mr morawetz's views we must not meddle wilh the finances until we have set led another little matter next fall he be an fate has sent us two deep bumilia ions one is the worst banking system ince adam in this respect we are dan erously behind every other country in the world the civil war was to blame for it for uring the civil war we were forced to iake bonds stand for everything wc have ot changed that system since and now it pernios to a loss of 130,000,000 to the ountry every year 1 want to call that act to the atteution of the presidential spirant here present continued mr arnegic amid au outburst of applause rom the banqueters our second humiliation be went on is due to the ability of the hanks to issue loney to a certain point and no further vbeii they are brought up with a short top to tliese issues the ouly possible re ult is panic kvery other nation can issue nlhnited emergency notes in calling upon congress to keep its ands off the situation mr carnegie said banking has never been a party question el us not inject it now by making this latter a congressional or a presidential bsue following mr cur ijgi former secre n.i f the treasury gage made a speech o tl-.e same effect he reiterated ihat the ;â€¢ il war was responsible lor the banking y cm anil i agree with tlie last speak r that the system could not be worse no aore humiliating spectacle was ever seen hail ivithln the last si months when .'â– ti7 la salle street supposing my p-operty is mort gaged for 2,000 and it is worth only 2,000 who pays thc taxes mr bolander asked he was informed that the board would collect a double tax in that instance tills explanation was also greeted with jeers but mr west escaped further ex planation by saying that that was the re quirement of the law many had come to have mr west ex plain why their taxes were so much larger than they had ever been before one man said he guessed it was because the cor porations were being taxed less since mr west became a member of the board of lieview and that the little fellows had to make up the difference unanimously rap foreman wheu the confusion caused by mr west's departure had subsided and the meeting was again called to order by presideut h g naber christopher see a grocer 221s cottage grove avenue was greeted with cheers when he read a reso lution opposing the reappointment of henry g foreman as a member of the south park commission in his remarks following the unanimous adoption of the resolution mr see said tha the associa tion as a body should insist that the recent published charges against mr fore man receive the fullest investigation sev eral days ago daniel f crilly a former member of the commission tiled affidavits with judge thomas g windes of the cir cuit court charging commissioner fore man with purchasing grounds for park pur poses adjoining property owned by fore man or bis friends so that the value of the property might be enhanced two earthquakes shake housatonic river valley springfield mass also reports shocks in early morning danburt conn feb s residents of lauesville and still river points in the iloiisatonie tllver valley between brook held and new milfuril were startled early today b.v two distinct earth shucks accord big to reports received here to-night and several large cracks appeared in the earth tlie flrst shock occurred at 3:20 a in and the second at 5:05 a ni faeh lasted sev eral seconds w w gardiner ivlm lives half a mile from the railroad station at still river said t_at his house was shaken so severely that the whole family was awakened and that after daylight he i'oiind an inch wide crack about forty feet long running lu a southwesterly di rection from near ne corner of the house spningfmli.ji mass vÂ»h ... distinct earthquake shock wel . il in sprlngflcld ban afte tni niglt and between l and ." u m to-day ri island and woman thicken shadows over tisdelle bought 10,000 mortgage on texas land after meeting beautiful person barren place old joke peddled scores of times be fore picturesque major visited banker one of the strangest romances and in trigues in chicago's records a romance ln-j volving a barren island ln the gulf of mexico a beautiful woman a civil war veteran dreams of untold wealth and a tangle of finance was revealed yesterday in the investigation of the wreck of archie c tisdelle's bank for the first time a woman came into the story of thc wreck of the bank a woman pictured as three times divorced and who stated openly a year ago that she was go ing to get money from tisdelle with the woman there came into the strange story a mortgage for 10,000 on the island of padre given to tisdelle by w f brink who had introduced the woman as his daughter clew comes in letter a letter received yesterday by attorney houlihan representing the receiver of the tlsdelle bank explained in part the mys tery of the 10,000 mortgage which is one of the assets of the bank and at the same time revealed the strange romance of thc island in the gulf the letter said ask the receiver to probe tisdelle as to his operations with w f brink they made up mortgages on land they didn't own brink has skipped patrick welch that gave the attorneys for the receiver a clew they knew that there was in ex istence a mortgage given to tlsdelle may 14 1907 by w f brink ln consideration for 10,000 and it covered an undivided half interest in the island of padre a strip of land 150 miles long lying a few miles off the coast of texas and extending j from the mouth of the rio ilrande over 150 miles northward to corpus hristl bay used to secure deposit on january 4 this year two weeks be fore tisdelle's bank finally failed and short ly after the suit of mrs horan started a scare among the depositors 11 h schroyer for the acme supply company demanded of tisdelle security for a de posit of 5,000 and as security tisdelle put up the 10,000 mortgage giving it to andrew b adair to hold adair still holds the mortgage although technically lt is in the hands of the receiver no one knew the romance back of the mortgage until yesterday when it was dis covered that the island of padre had been sold at least four times a year for a dozen or more years is now in the hands of squatters and that the recorder of nences county texas which has control over the island declares that brink the maker of the mortgage does uot own an rcm of the land although it is declared he has papers on which he might set up a strong claim in court introduced as veteran's daughter then the real story began to come out and with it the revelation that a fasci nating divorcee and a stern and soldierly veteran of the civil war were back of tis delle's connection with the mortgage the veteran ls major w k brink of st louis Chicago texas and elsewhere and the woman one of the most beautiful creatures that ever helped a land deal was introduced by him as his daughter he had office in a downtown jiulldlng in Chicago and in the fullerton building in st louis and the yonng woman was his business associate in hoth places major brink is gray straight soldierly and convincing and the mysterious beauty is even more couviucing according to those who have met her brink deals ln big things promotes great laud schemes and one of his principal land schemes is the island of padre a long narrow coral island off the texas coast on this standard oil and other agents claim to have found oil traces and in his verbal prospectus brink mentioned asphalt deposits which are said to exist there held by armed squatters the basis of major brink's claim to the island iu the gulf is an old spanish claim he has an abstract the work ou which alone would have cost from 400 to 500 ou which he bases his claim to the island the recorder of neuces county texas however says that uo one has a clear title to the strip of land although two squatters who have held forcible and armed possessiou for years and paid the taxes ne says have the best claim * the records in the texas recorder's office show that padre island has passed as cur rency almost for twenty years scores of times it has been sold mineral rights ou it have been dealt in the same sections have been sold and transferred to many persons and at times northerners seeking wealth in asphalt or oil have bought the whole island and then burned up the title after discovering the status of their claims woman meets the banker a little over a year ago major brink came to Chicago or at least appeared pub licly with his magnificent abstract his cou viucing manner and the beautiful stranger who was said to be his daughter he had another great deal on hand at the time and went to attorney james rosenthal ol uiiseiithal kurtz _ hirschl now oudlv enough attorneys for the receiver of the tisdelle bank and tried to negotiate for the purchase of 40.000 acres of missouri lien held b.v the acme reserve bond company liie beautiful divorcee was in Chicago two bank directors named in suit and maker of notes for 212,000 involved in the case british send fleet to pacific coast england preparing to aid ja pan in event of war say naval experts halifax x s feb 3 england has ordered the famous fourth squadron of cleveu warships to esquimalt its naval base on the pacific in british columbia when the squadron shall have arrived the british fleet at esquimalt will consist of thirteen cruisers whose guns will com mand every seaport city of washington and oregon and will be within two days sail of san francisco bay no explanation for sending the big fleet to the united states sea frontier is vouchsafed by the admiralty naval ex perts here and in london do not deny however that great britain is preparing to fulfill her part of her treaty alliance wtih japan in the event however remote that the united states and japan become involved iu war the fourth squadron consists of the in defatigable the brilliant the cressy i'.uryalus and hogue with six other cruis ers of the county type all comparatively modern and each equipped with two 9-iuch guns twelve 6-inch guns beside subsidiary armaments unless untoward events change the ad miralty's plans hi the meantime the fleet will arrive at esquimait about may 1 on its face the esquimalt propaganda is to be described as nothiug more porten tous or menacing than the revival of the british pacific squadron which was abol ished four years ago news confirms examiner's announcement last fall new yokk feb 3 ln october last the kxuminer ln an exclusive dispatch from its london correspondent gave notice that england was secretly preparing to re inforce esquimau in order to assume the offensive or defensive when called on by her ally japan the examiner dispatch showed that thirty british steamships filled with the best welsh coal hail sailed at short inter vals for esquimalt ostensibly these ves sels were to sell the coal to the american fleet then preparing to sail for the pacific but the fleet never got the coal which now lies piled in ninny thousand ions upon the naval docks at esquimalt demands 4 battleships and 3,000 men for navy washington feb s four great bat tleships each with a displacement of 20,000 or more tons is the building pro gramme of the administration laid down to the house naval affairs committee to day lu addition to these four battle ships secretary of the navy metcalf told the committee that the navy should have more cruisers more scout ships more col liers and more submarine boats for new ships he asked an appropriation of itÂ»!1.27!1.00(i this docs not include the needs of the present navy three thousand more men are needed said the secretary as imperatively as the additional battleships the committee wns silent regarding ihe p.iownson-itixe.v controversy and the charges ihat our naval construction is faulty representatives of the new york subsurface torpedo boat company pro posed to-day to construct six submarines at a total cost of 000,000 this morse has fled to europe receiver for his bank files suit for 243,321 because of absence new york feb s believing that charles w morse has departed for europe charles a hanna national bank examiner to-day took steps to attach the banker's property in a suit to recover l143,321 mr hanna is also receiver of the na tional bank of nortii america which was the flrst of the morse chain of banks to collapse the special grand jury which has been investigating hank frauds has examined both mr morse and alfred h curtis former president of the bank as witnesses aii to vast loans alleged to have been made b.v this institution to further various morse enterprises although positive enough that mr morse has left the city thf receiver of the bank of north america said to-night he was uot at all sure just where he hud betaken him self indeed said mr hanna i would not be overwhelmingly surprised if mr morse with his old time versatility turned ap in town uo later than to-morrow think morse now at sea if the former ice and steamship king sailed for europe as thc government au thorities tirst feared he may have left this ikirt on the kroonlitiu for antwerp or the noordaiu for rotterdam both these ships sailed to-day it has beeu rumored around wall street however for more thau two days that mr morse had turned ms hack on new york and it was believed in cer tain quarters to-night that he ls several leagues out at sea aboard the kaiser wil iara 11 which left new york for bremen last monday simultaneously the report got abroad to-day in real estate circles that in the absence of mr morse his wife was en deavoring to borrow 1173 0u0 on real estate mrs morse was said to have had a con ference with oue broker who offered to loan 265,0110 iu flrst and second mortgages on various parcels but mrs morse was insistent ln asking for the ull sum home mortgaged for 300,000 the fifth avenue mansion where mr morse has made his city home was niort gaged recently for about 300,000 leaving au equity of about 1 , 00,000 inquiry at the morse home to-night failed to disclose the whereabouts of the former banker a servant said tbat mrs morse was at the opera and that mr morse was out of town over night alfred h curtis , president of thc col lapsed bank of nortii america said that he him not heard from mr morse for sev eral days and did not know where he was here are the adverse happenings which to-day befell mr morse first judgment by default for 155 753 i was entered against him iu the county clerk's office in favor of it a c smith as a result of a conditional sale of 500 shares of national bunk of north am erica which morse formerh controlled and wliich liad gone to the wal second â€” suit was begun again him for 243,321.25 by charles a banna united states bank examiner and receiver for the national bank of north america this amount represents the balance due on promissory notes given the bank by mr morse third a lis pendens was rjleil in the conuty clerk's office against his residence t2s fifth avenue this action was taken to safeguard the interests of th natlona bank of north america in thc 243,321.25 suit attachments were also beryed on a number uf luniks with whom -'â€¢ iraje is sup posed to have money fourth several blocks of !â€¢Â» k stock chiefly shares in institutions wnlch have gone to the wall and were ownhh 1 morse were sold at auction it'-'e batik stock auctioned was supposedly tut up to secure loans which have matuied deadbank's directors accused in suit action io recover 212,000 from morton et al of jack son trust and savings bank on old creelman notes assets are now in possession of railway exchange bank which bought them demand of stockholders they claim that the defunct concern is entitled to the proceeds of sale a suit filed yesterday revived the troubles of the jackson trust & savings bank â€” sup posedly dead â€” and as a consequence lt involved the railway exchange bank which is the successor of the institution certain of the directors of the old bank who are a t a directors and the principal owners of the new one have been sued to recover 212,000 claimed to be dre the old bank as a result of its sale to the railway ex change bank the defendants are joy morto_jm jf de muth william m morrison i daniel peterkln la t dickason and gilbert c pryor the action against the latter howe r is merely as a trustee the plaintiffs ln the suit are j k se bree j a sim j it short leverett thompson r d salisbury f f and john v korcross and t f donotan the actual amount lnvolyed is 23,000 which they claim as due them on tneir stock of the old bank blamed on f c creelman the imbroglio is one of the financial lega cies frank c creelman left Chicago it ls an aftermath of that astute high finan cier's exploits which caused the wreck of the bank of america and the sale of the jackson trust & savings bank it ls to be charged to creelman along witb the conviction of president abner smith of the bank of america and the run on the jack son trust & savings bank a little less than a year ago fraud is charged in the new suit against the defendants in the manner in which they sold out the jackson trust & savings bank nnd then failed it is claimed fully to liquidate its obligations as directors of the jackson trust & savings bank lt is claimed they took up the creelman and other worthless paper to save the institu tion but that wheu the new railway ex change bank was organized they handed back that valu less paper got the money they had advanced s2l^ooo and let the stockholders of the old concern suffer whether that paper is still carried in the vaults of tie new bank is a matter not disclosed say sale was outright the whole suit hinges on the method of handling the creelman and other valueless paper the complaints claim the defend ants bought it outright they therefore allege that the 212,000 advanced should hnve been one of the assets of the old hank ln which case stockho'.flern i-itiia have been paid face value fo hen bom ings the defendants asser h*t they only loaned the 212,000 and were there fore entitled to get their metier back when the bank was sold persous who remember the tldssitode Chicago finance will recall that the creelman trouble broke our tv february . 15 1006 on that night clarence s vi-nr row and other stockholders secured . celver for the institution and it \ closed the loss to the stockholders was ' complete and afterward president smlhi and cashier sorrow were sent to the itentlary creelman was r lcl i , - quitted run starts on jackson bank the next week a run was started on the jackson trust & savings bank in two days 230,000 was paid out and joy mor ton hend of the salt trust and connected with other big institutions the rich man of the bank hurried here from new york to save the bank it had been learned that creelman had borrowed heavily from lt and creelman previously known as a lumber king was both a bankrupt and in a disgrace throughout the country as well as a in Chicago mt it is at that point that the petition r /______\\\ the suit against morton and others filed ye*-^h erday begins the petition sets up that nh 1903 through the negligence of its directors â€” morto^md the others named the jackfl . on tfâ€”mmâ€”a savings bank had violat^b am continued on 2d page 3d column continued on 2d age 7th column you lose money m l every day by not letting your 5^v f wants be known through a f ; v j small ad in the want ad pages 3 jjilj ol the examiner i^n good things others will grasp if you don't wake up no matter who you are what you do or how fnuch you earn this exchange can help you note tlie following mm-412 â€” bookkeeper first-class man on ledgers familiar with banking ami statement work permanent desirable position 75 to start mh-39s â€” coffee buyer and sales manager must ]Â„-. a shrewd and thoroughly experienced man to qualify past e perience and sales record must be first class ll.ooo to 3,000 f-1051 â€” lady stenographer tu act as private secretary to manager of bupply company slight knowledge ni bookkeeping to keep records essential must be businesslike capable and possess good appear ance 15 jiosition f-1057 â€” lady proofreader and office assistant permanent good hours salary 12 apply in person for interview examiner employment exchange 70 washington street ll weather forecast ot Chicago and vicinity fair m a nd colder thursday friday prob p?ji _:"*Â» a y increasing cloudiness with l/3 v \ rising temperature northwest winds y'zm \\ becoming variable and shifting to kf js southerly by friday jj